Business Valuation Report Has ‘Palpable Error’

In construing an S corporation’s Redemption Agreement to allow an ailing principal to cash out his shares, a Roanoke City Circuit Court says there is “palpable error” on the face of the independent appraiser’s report, which may let the remaining principals out of that appraiser’s $3.5 million valuation of the money management business.
Plaintiff Peter Dawyot, ...